We have purchased portable cabin for our site office. i should consider it as furniture or office equipment?
please advise.
Menu
Furniture or office equipment
Replies (5)
Hello mam,
It will form part of Furniture & fittings.
furniture only
ok. depreciation rate as per company act for furniture is 18.10% ?
Useful life for Furniture is 10 years as per Companies Act 2013. Which means the rates will be 9.5% under SLM and 25.89% under WDV method.
thank you.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
